Hewlett Packard Enterprise Co (HPE)
Current ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 33,457,000 | 22,405,000 | 21,427,000 | 20,244,000 | 18,948,000 | 17,655,000 | 17,560,000 | 18,234,000 | 20,506,000 | 19,521,000 | 18,172,000 | 19,342,000 | 18,878,000 | 18,745,000 | 16,703,000 | 16,072,000 | 16,556,000 | 21,383,000 | 17,983,000 | 14,751,000 |
| Total current liabilities | US$ in thousands | 25,973,000 | 23,865,000 | 23,750,000 | 22,635,000 | 21,882,000 | 20,170,000 | 20,251,000 | 21,476,000 | 23,174,000 | 21,299,000 | 20,190,000 | 20,473,000 | 20,687,000 | 19,641,000 | 17,980,000 | 17,931,000 | 18,738,000 | 21,610,000 | 20,197,000 | 18,754,000 |
| Current ratio | 1.29 | 0.94 | 0.90 | 0.89 | 0.87 | 0.88 | 0.87 | 0.85 | 0.88 | 0.92 | 0.90 | 0.94 | 0.91 | 0.95 | 0.93 | 0.90 | 0.88 | 0.99 | 0.89 | 0.79 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $33,457,000K ÷ $25,973,000K
= 1.29
The current ratio of Hewlett Packard Enterprise Co has shown fluctuations over the past several periods. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities, which is generally seen as a positive sign.
Based on the data provided, the current ratio ranged from 0.79 to 1.29 over the past 20 quarters. The current ratio improved from 0.79 in January 2020 to 1.29 in October 2024, signaling an increase in the company's ability to cover its short-term liabilities with current assets. However, it is important to note that the current ratio dipped below 1 in some periods, indicating a potential risk in the company's liquidity position.
Overall, the trend of the current ratio for Hewlett Packard Enterprise Co has been somewhat unstable, with periods of improvement and decline. It is essential for investors and analysts to closely monitor this ratio along with other financial metrics to assess the company's financial health and liquidity position accurately.
Peer comparison
Oct 31, 2024
See also:
Hewlett Packard Enterprise Co Current Ratio (Quarterly Data)